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S&W Seed Company (SANW), founded in 1980 and headquartered in Longmont, Colorado, is a leading multi-crop, middle-market agricultural company. The company specializes in the breeding, production, and sale of alfalfa and sorghum seeds, with a growing presence in sunflower and pasture seeds. S&W is also actively involved in developing sustainable biofuel feedstocks through its partnership with Shell, focusing on camelina and other oilseed species.
S&W Seed Company offers a diverse portfolio of approximately 500 seed products, which are distributed in over 40 countries, including the United States, Australia, Saudi Arabia, Mexico, and South Africa. The company is renowned for its proprietary seed traits that enhance crop yield and resilience, especially in challenging climates. Among its notable products is the Double Team sorghum solutions, which has quickly gained popularity for its innovative weed control technology.
In fiscal 2023, S&W reported significant financial improvements, including a $14.3 million increase in Adjusted EBITDA and a GAAP gross margin of 19.8%. The company's strategic initiatives, such as the launch of the Double Team sorghum solutions and a new biofuels partnership with Shell, have positioned it for future growth.
Recent developments include the commercial launch of Double Team Forage Sorghum, which offers forage growers non-GMO, grassy weed control options. The company is also planning to introduce a Prussic Acid Free (PAF) trait in 2025, aimed at reducing prussic acid poisoning in grazing livestock.
S&W Seed Company is committed to driving innovation in the agricultural sector and supporting the global demand for healthier consumer diets and animal proteins. For more information, please visit www.swseedco.com.
S&W Seed Company (Nasdaq: SANW) reported preliminary financial results for the fiscal year ended June 30, 2021, showing a Core Revenue increase of approximately 16.5% to $69.8 million and a Total Revenue increase of around 5.5% to $84.0 million. However, logistical challenges from the COVID-19 pandemic impacted shipments and costs, leading to a projected gross profit margin of 16.3% and an estimated Adjusted EBITDA loss of $(13.0) to $(13.2) million. S&W plans to improve margins through pricing strategies and operational changes.
S&W Seed Company (Nasdaq: SANW) announced that CEO Mark Wong will participate in a panel at the Lytham Partners Summer 2021 Investor Conference, scheduled for June 15, 2021 at 11:00am ET. The panel, titled "Next Generation Seed Companies that are Changing Agriculture," will be held virtually. Additionally, S&W management will attend virtual one-on-one meetings from June 14 to June 16, 2021. More details can be found on their website.
S&W Seed Company (SANW) reported strong financial results for Q3 FY2021, ending March 31, with Core Revenue up 33.5% at $23.9 million, driven by the acquisition of Pasture Genetics and growth in South Africa and Asia. Total revenue rose to $32.4 million from $29.1 million year-over-year. However, GAAP gross margins declined to 19.1% from 22.1%. A net loss of $(1.8 million) was reported, improved from $(3.3 million) a year earlier. Guidance for the fiscal year remains positive, expecting Core Revenue between $78 million and $81 million.
S&W Seed Company (Nasdaq: SANW) will release its financial results for the third quarter of fiscal year 2021 on May 13, 2021, before market opening. A conference call to discuss these results is scheduled for the same day at 11:00 am ET. The company's operations focus on proprietary seed genetics, including alfalfa and sorghum, aiming to meet global demands for animal proteins. Interested parties can access the conference call via phone or through a live webcast on the company's Investor Relations page.
S&W Seed Company (Nasdaq: SANW) will present at the Lytham Partners Spring 2021 Investor Conference on March 31, 2021, at 2:00pm ET. A webcast of the presentation will be accessible via the company's website and will be archived for later viewing. The event takes place from March 30 to April 1, 2021, during which management will hold virtual one-on-one meetings. Interested parties can arrange meetings through Lytham Partners. Founded in 1980, S&W is a leader in seed genetics focused on middle market crops.
S&W Seed Company (Nasdaq: SANW) will participate in the 33rd Annual ROTH Conference from March 15-17, 2021, via a virtual platform. A pre-recorded webcast of their presentation is available here. During the conference, S&W management will also engage in one-on-one meetings with investors and analysts. The investor presentation can be accessed here.
S&W Seed Company (NASDAQ: SANW) and ADAMA Ltd. announced the U.S. EPA approval of FirstAct™, a key herbicide for their Double Team Sorghum Cropping Solution. This innovative non-GMO herbicide-tolerant sorghum system will be commercially available in the U.S., allowing effective postemergence weed control for sorghum growers. The Double Team system aims to simplify crop management by addressing grassy weed competition, significantly expanding the sorghum market. Initial launch fields are set for strategic locations in 2021, showcasing three hybrids.
S&W Seed Company (Nasdaq: SANW) reported its financial results for Q2 FY2021, showing Core Revenue of $11.0 million, up 20% year-over-year, while Total Revenue reached $15.1 million, an increase from $12.4 million in Q2 FY2020. The company is optimistic, raising its revenue outlook with Core Revenue anticipated between $78 to $81 million for FY2021. However, net loss widened to $(8.5 million) or $(0.25 per share), compared to $(6.7 million) in the same quarter last year.
S&W Seed Company (Nasdaq: SANW) will release its financial results for the second quarter of fiscal year 2021, ending December 31, 2020, on February 11, 2021, before market open. A conference call is scheduled for the same day at 11:00 am ET to discuss the results. Interested parties can join the call by phone or via a live webcast on the company's investor relations website. The company focuses on seed genetics, production, and marketing of forage and specialty crops, aiming to meet the global demand for animal proteins and healthier consumer diets.
S&W Seed Company (Nasdaq: SANW) announced the sale of its California seed processing facility for $2.25 million, consolidating U.S. alfalfa seed production to facilities in Nampa, Idaho and New Deal, Texas. The move is expected to yield annual cost savings of approximately $1 million and improve gross margins. The sale will also allow the company to pay off long-term debt associated with the facility, resulting in a one-time gain of about $1.25 million. This consolidation aligns with S&W's strategy to enhance cost efficiency and strengthen its capital structure.
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